Common use of Predecessor Clause in Contracts

Predecessor. “Predecessor” means with respect to any entity, any Entity that has been merged with or into, that has transferred material assets or Liabilities outside the ordinary course of business to or that is otherwise a predecessor to, such entity.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ideal Power Inc.), Asset Purchase Agreement (Ideal Power Inc.)

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Predecessor. “Predecessor” means with respect to any entity, shall mean any Entity that has been merged with or into, that has transferred material assets or Liabilities liabilities outside the ordinary course of business to or that is otherwise a predecessor to, such entityany of the Acquired Companies.

Appears in 1 contract

Samples: Stock Purchase Agreement (U S Wireless Data Inc)

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